Gate Crypto Flash News and Market Updates

Stainless steel futures jumped 2.34% in overnight trading on July 6. Other base metals showed mixed performance: international copper edged up 0.04%, Shanghai copper rose 0.01%, aluminum increased 0.28%, zinc climbed 0.84%, nickel gained 0.41%, and tin added 0.35%. Lead slipped 0.06%, while alumina fell 0.15% and aluminum alloy rose 0.24%.

According to the UK Financial Conduct Authority (FCA), a review released on Monday found that over one-quarter of British consumers trust ChatGPT, Claude, and Gemini for financial advice. However, FCA Executive Director Sheldon Mills emphasized that most consumers are unaware these AI tools are not covered by the protections that apply to regulated financial services. The review also flagged potential systemic risks from enterprise over-reliance on a small number of technology providers.

According to a post on Ethereum Research this past weekend, Vitalik Buterin outlined a technical proposal to radically shrink Ethereum's consensus layer using zero-knowledge proofs, part of a broader "Lean Ethereum" initiative aimed at making the network more efficient and secure. The "Extremely Lean Chain" proposal centers on redesigning the Beacon Chain through two phases. Phase 1 removes most validator data from the chain and replaces per-epoch balance updates with daily ZK-STARK proofs submi

On July 6, LME metals posted mixed results. Copper rose 37 USD to 13,404 USD/ton, while tin surged 436 USD to 53,064 USD/ton. Aluminum gained 25 USD to 3,116 USD/ton, and zinc added 50 USD to 3,591 USD/ton. Lead fell 12 USD to 1,880 USD/ton, nickel declined 2 USD to 16,422 USD/ton, and cobalt closed flat at 56,290 USD/ton.

According to Jerusalem Post, on Monday, President Trump stated that U.S.-Iran negotiations are nearing agreement, but if they fail, the United States will "get the job done." Trump claimed the U.S. has the capability to destroy all of Iran's power grids, power plants, and bridges within less than an afternoon, but prefers to resolve the issue through negotiations to avoid affecting Iran's 91 million population. Trump reiterated that Iran must never possess nuclear weapons and the U.S. will obtai

According to security researcher Thereallo, Anthropic used hidden tracking code in Claude Code to secretly monitor Chinese users last week, before removing it after exposure. The code employed "prompt steganography" to flag users' timezone, proxy settings, and potential connections to Chinese AI labs suspected of distillation attacks, without detection. Anthropric engineer Thariq Shihipar confirmed the tracker was added in March as an "experiment" to prevent account abuse from unauthorized resel

According to the Ukrainian Armed Forces General Staff, early on July 6, Ukrainian forces struck two Russian oil refineries—the Yaroslavl refinery in Yaroslavl Oblast and the Novatesk-Ust-Luga refinery in Leningrad Oblast—triggering explosions at both facilities. The Ukrainian unmanned systems commander Robert Blavudin reported on the same day that Ukrainian drone forces hit 47 military targets in Russian rear areas, including two Russian shadow fleet tankers transporting fuel to Crimea in the Se

According to Russia's Defense Ministry statement on July 6, Ukrainian forces launched a large-scale drone attack with 625 unmanned aircraft on Russian territory from the evening of July 5 to July 6, targeting civilian fuel and energy infrastructure in Leningrad, Bryansk, Belgorod, and Yaroslavl regions. Russia intercepted 613 of the drones and responded on July 6 with major airstrikes on Ukraine, focusing on military-industrial facilities, fuel and energy infrastructure near Kyiv. Meanwhile, Sal

According to Syria's official news agency, French President Emmanuel Macron arrived in Syria today, marking the first visit by an EU head of state since Assad's regime fell.

According to official statements, Strategy sold 3,588 BTC on July 5 for approximately $216 million to fund quarterly dividends on preferred shares, reducing its bitcoin holdings to 843,775 BTC. Meanwhile, Bitmine announced it acquired 42,197 ETH during the past week, bringing total holdings to 5,742,237 ETH (4.8% of ethereum's circulating supply) and total crypto and cash assets to $11.1 billion. Bitmine Chairman Tom Lee stated the company is staking approximately 4,879,157 ETH, valued at $8.8 b

According to the governor of Yaroslavl Oblast, Russian forces repelled the largest Ukrainian attack on the region's oil refinery on Monday.

According to Visa blockchain data, USDC accounted for approximately 70% of adjusted stablecoin trading volume in the first half of 2026, widening its lead over Tether's USDT at 25%. In June alone, adjusted stablecoin trading volume hit a record $1.79 trillion, up 63% from May and 125% year-over-year. Visa's adjusted figures exclude bot activity, platform transfers, and other blockchain transactions that do not reflect genuine economic activity.

Germany's 10-year government bond yield rose 1.3 basis points to 2.948% during European market close on Monday, July 6, trading between 2.916% and 2.949% after opening lower and fluctuating higher throughout the session. France's 10-year yield increased 1.0 basis point to 3.735%, while Italy's rose 1.1 basis points to 3.718%. Spain's 10-year yield gained 0.8 basis points to 3.429%, and Greece's climbed 0.7 basis points to 3.625%.

According to CryptoQuant, Bitcoin is currently trading around $62,700 after recovering from last week's lows below $58,000, as ETF inflows improved market sentiment. The analysis firm stated that BTC requires more than $1 trillion in new capital to support its next major surge, citing declining capital efficiency across bull cycles. Historical data showed that $2.8 billion in inflows during 2011 resulted in a 55,000% price increase, while $69 billion in 2015 led to a 10,000% gain; the current cy

According to the Israeli Defense Forces, Israeli forces killed Fadi Farah Ashour Daghmash, commander of Hamas's military training department, in an airstrike on the northern Gaza Strip early on July 6. The military said Daghmash had overseen multiple training operations, including preparations of Hamas's elite Nukhba unit before the October 7, 2023 attack, and had participated in directing operations against Israeli forces in Gaza. Hamas has not yet responded to the announcement.

According to Goldman Sachs Prime Brokerage data, systematic trading hedge funds fell 2.1% last week as of Thursday, marking their worst performance since December 2023. The decline extended losses from the prior five trading days, when the funds had already fallen 3.1%. The downturn reflects sharp style rotation amid an ongoing bull market, with rising volatility challenging momentum-driven strategies.

According to BlockBeats, on July 7, U.S. President Trump criticized short sellers, stating that those betting against the market "are in trouble" and "are being liquidated." Trump added he has never liked short sellers because "they are betting against the nation."

According to Ripple, the blockchain payments company announced on July 4 that it will match donations to the Call of Duty Endowment, a nonprofit supporting unemployed veterans, up to $10,000 in XRP. Users can contribute via cash, stocks, XRP, or Ripple's RLUSD stablecoin, with Ripple matching donations in XRP up to the stated maximum.

According to CZ's statement on X yesterday, Binance founder Changpeng Zhao denied investing in three BSC-based memecoins—TCC, CZ, and AB—stating he does not own these tokens and lacks sufficient information about them. "I don't own or know any of these coins," CZ wrote. Following the announcement, the three memecoins experienced sharp declines from their peaks, with TCC, CZ, and AB falling 53%, 61%, and 47% respectively, according to GMGN market data cited by Foresight News.

According to The Block, AVAX One Technology (AVX), a Nasdaq-listed digital asset treasury company focused on Avalanche (AVAX), announced that CEO Jolie Kahn stepped down effective July 3 following a mutual agreement. The company's COO Pete Wylie Jr. has been appointed interim CEO while the board searches for a permanent successor. Under a separation agreement signed July 5, Kahn will receive $160,000 in cash, reimbursement for certain medical insurance costs, and $250,000 worth of unregistered c